Fintech firm launches Kenya’s first large-scale fuel credit line for fleet operators and logistics companies
According to Tabb, the initiative is designed to replace the informal credit arrangements that had long dominated the transport and logistics sector, providing a structured financing solution that enables businesses to maintain operations without straining cash flow.
Temporary reprieve: Public transport strike over steep rise of fuel prices in Kenya suspended
Negotiations on Monday, the first day of the strike, failed to reach an agreement despite the government agreeing to lower the diesel price by about 10 shillings a litre. Transport operators had sought a deeper 46-shilling-per-litre reduction in the price of diesel, the main fuel they use.
Transport paralysed, five people killed by police as Kenya braces for violent election season ahead
Kenya’s fuel prices hit a record high on Friday, with the diesel price increasing by 23.5 per cent and gasoline by 8 per cent. The government attributed the previous price increase to the Iran war and its effects on energy supplies, but it reduced taxes to lessen the shock for consumers.
